Exhibit 1 CONTRACT SPECIFICATIONS OF REFINED SOY OIL Applicable for contracts expiring up to February 2014 Type of contract Name of commodity Ticker symbol Trading system Basis Unit of trading Delivery unit Maximum Order Size Quotation/base value Tick size Quality specification Futures Contract Refined Soy oil SYOREFIDR NCDEX Trading System Ex-tank, Indore inclusive of all taxes 500 MT Rs. per 10 Kg 5 Paise Refined Soy Oil with the following specifications: Moisture & insoluble impurities, % Max: 0.10 Color, " cell, Lovibond Y+5R, Max: 4 Refractive Index at 40C: 1.4650-1.4710 Specific Gravity at 30C 25/25: 0.917-0.921 Saponification Value: 189-195 Iodine Value (Wijs): 120-141 Unsaponifiable matter, % by mass, Max: 1.5 FFA, % Max: 0.25 Flash point, Pensky Martin Method, C, Min: 250 Quantity variation +/- 2% Delivery centre Trading hours Due date/expiry date Indore (within a radius of 50 km from the municipal limits) As per directions of the Forward Markets Commission from time to time. Currently: Mondays through Fridays :10:00 AM to 05:00 PM Saturdays : 10.00 AM to 2.00 PM The Exchange may vary the above timing with due notice. 20th day of the delivery month If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding
trading day of the Exchange. Delivery specification Closing of contract Opening of contracts No. of active contracts Price limit Upon expiry of the contract, the delivery position would be arrived at by the Exchange based on the information to give/take delivery furnished by the sellers and buyers as per the process put in place by the Exchange for effecting physical delivery. On the expiry of the contract, all outstanding positions not resulting in giving/taking of physical delivery of the commodity shall be closed out at the Final Settlement Price announced by the Exchange Trading in any contract month will open on the 10th day of the month. If the 10th day happens to be a non-trading day, contracts would open on the next trading day. As per launch Calendar Daily price fluctuation limit is (+/-) 3%. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by (+/-) 1% and trade will be resumed. If the price hits the revised price band (+/-)4% again during the day, trade will only be allowed within the revised price band. No trade / order shall be permitted during the day beyond the revised limit of (+ / -) 4% The position limits will be applicable on Exchange wise basis Member level: 125,000 MT or 15 % of the market wide open interest in the commodity, whichever is higher Client level: 25,000 MT Position limits The above limits will not apply to bona fide hedgers. For bona fide hedgers, the Exchange will, on a case to case basis, decide the hedge limits. Please refer to Circular No. NCDEX/TRADING-100/2005/219 dated October 20, 2005. Near month limit The following limits would be applicable from 1 st of every month in which the contract is due to expire. If 1 st happens to be a non-trading day, the near month limits would start from the next trading day. Member level: 30,000 MT or 15% of the near month market wide open interest in the commodity, whichever is higher Client level: 6,000 MT
Premium/Discount Delivery option Special margin Final Settlement Price None Both Options In case of additional volatility, a special margin at such percentage, as deemed fit, will be imposed in respect of outstanding positions, which will remain in force as long as the volatility exists, after which the special margin may be relaxed. The Final Settlement Price (FSP) shall be arrived at by taking the simple average of the last polled spot prices of the last three trading days viz., E0 (expiry day), E-1 and E-2. In the event of the spot prices for any one of the E-1 and E-2 is not available; the spot price of E-3 would be used for arriving at the average. In case the spot prices are not available for E-1 and E-2, then the average of E0 and E-3 (two days) would be taken. If all the three days prices viz., E-1, E-2 and E-3 are not available, then only one day s price viz., E0 will be taken as the FSP. Minimum Initial Margin 5% Contract Launch Calendar Contract Launch Month Contract Expiry Month May 2013 October 2013 June 2013 November 2013 July 2013 December 2013 August 2013 January 2014 September 2013 February 2014 Members and market participants who enter into buy and sell transactions may please note that they need to be aware of all the factors that go into the mechanism of trading and clearing, as well as all provisions of the Exchange's Bye Laws, Rules, Regulations, Product Notes, circulars, directives, notifications of the Exchange as well as of the Regulators, Governments and other authorities. Members and market participants trading on the Exchange in the commodity contracts shall be deemed to be aware of applicable laws and amendments thereof from time to time, including provisions and rates relating to the sales tax, value added tax APMC Tax, Mandi Tax, octroi, excise duty, stamp duty, etc., applicable on the underlying commodity of any contract offered for trading. The Exchange shall not be responsible or liable on account of non compliance by any of the members and market participants of any such applicable laws or any amendments thereof including not being aware of rates of taxes, levies, etc., on the underlying commodity of any contract offered for trading.
Exhibit 1 CONTRACT SPECIFICATIONS OF REFINED SOY OIL Applicable for contracts expiring in March 2014 and thereafter Type of contract Name of commodity Ticker symbol Trading system Basis Unit of trading Delivery unit Maximum Order Size Quotation/base value Tick size Quality specification Futures Contract Refined Soy oil SYOREFIDR NCDEX Trading System Ex-tank, Indore inclusive of all taxes 500 MT Rs. per 10 Kg 5 Paise Refined Soy Oil with the following specifications: Moisture & insoluble impurities, % Max: 0.10 Color, " cell, Lovibond Y+5R, Max: 4 Refractive Index at 40C: 1.4650-1.4710 Specific Gravity at 30C 25/25: 0.917-0.921 Saponification Value: 189-195 Iodine Value (Wijs): 120-141 Unsaponifiable matter, % by mass, Max: 1.5 FFA, % Max: 0.25 Flash point, Pensky Martin Method, C, Min: 250 Quantity variation +/- 2% Delivery centre Trading hours Due date/expiry date Indore (within a radius of 50 km from the municipal limits) As per directions of the Forward Markets Commission from time to time. Currently: Mondays through Fridays :10:00 AM to 05:00 PM Saturdays : 10.00 AM to 2.00 PM The Exchange may vary the above timing with due notice. 20th day of the delivery month If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange.
Delivery specification Closing of contract Opening of contracts No. of active contracts Price limit Upon expiry of the contract, the delivery position would be arrived at by the Exchange based on the information to give/take delivery furnished by the sellers and buyers as per the process put in place by the Exchange for effecting physical delivery. On the expiry of the contract, all outstanding positions not resulting in giving/taking of physical delivery of the commodity shall be closed out at the Final Settlement Price announced by the Exchange Trading in any contract month will open on the 1st day of the month. If the 1st day happens to be a non-trading day, contracts would open on the next trading day. As per launch Calendar Daily price fluctuation limit is (+/-) 3%. If the trade hits the prescribed daily price limit there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter the price band would be raised by (+/-) 1% and trade will be resumed. If the price hits the revised price band (+/-)4% again during the day, trade will only be allowed within the revised price band. No trade / order shall be permitted during the day beyond the revised limit of (+ / -) 4% The position limits will be applicable on Exchange wise basis Member level: 125,000 MT or 15 % of the market wide open interest in the commodity, whichever is higher Client level: 25,000 MT Position limits The above limits will not apply to bona fide hedgers. For bona fide hedgers, the Exchange will, on a case to case basis, decide the hedge limits. Please refer to Circular No. NCDEX/TRADING-100/2005/219 dated October 20, 2005. Near month limit The following limits would be applicable from 1 st of every month in which the contract is due to expire. If 1 st happens to be a non-trading day, the near month limits would start from the next trading day. Member level: 30,000 MT or 15% of the near month market wide open interest in the commodity, whichever is higher Client level: 6,000 MT Premium/Discount None
Delivery option Special margin Final Settlement Price Both Options In case of additional volatility, a special margin at such percentage, as deemed fit, will be imposed in respect of outstanding positions, which will remain in force as long as the volatility exists, after which the special margin may be relaxed. The Final Settlement Price (FSP) shall be arrived at by taking the simple average of the last polled spot prices of the last three trading days viz., E0 (expiry day), E-1 and E-2. In the event of the spot prices for any one of the E-1 and E-2 is not available; the spot price of E-3 would be used for arriving at the average. In case the spot prices are not available for E-1 and E-2, then the average of E0 and E-3 (two days) would be taken. If all the three days prices viz., E-1, E-2 and E-3 are not available, then only one day s price viz., E0 will be taken as the FSP. Minimum Initial Margin 5% Contract Launch Calendar Contract Launch Month Contract Expiry Month October 2013 March 2014 November 2013 April 2014 December 2013 May 2014 January 2014 June 2014 February 2014 July 2014 March 2014 August 2014 April 2014 September 2014 May 2014 October 2014 June 2014 November 2014 July 2014 December 2014 Members and market participants who enter into buy and sell transactions may please note that they need to be aware of all the factors that go into the mechanism of trading and clearing, as well as all provisions of the Exchange's Bye Laws, Rules, Regulations, Product Notes, circulars, directives, notifications of the Exchange as well as of the Regulators, Governments and other authorities. Members and market participants trading on the Exchange in the commodity contracts shall be deemed to be aware of applicable laws and amendments thereof from time to time, including provisions and rates relating to the sales tax, value added tax APMC Tax, Mandi Tax, octroi, excise duty, stamp duty, etc., applicable on the underlying commodity of any contract offered for trading.
The Exchange shall not be responsible or liable on account of non compliance by any of the members and market participants of any such applicable laws or any amendments thereof including not being aware of rates of taxes, levies, etc., on the underlying commodity of any contract offered for trading